Peter Lacaillade

Deals beget deals.

I'd be remiss.

There's also like Lockheed Groom, Josh Buckley.

There's a whole host of very credible players.

There was a blooming of that.

And now I feel like that's slowed down a little bit, but there's definitely a next gen of people that are very competitive.

David Tisha box group, that have really kind of emerged as real players.

Okay.

Now, moving forward, that has been true for the past six, seven years.

What has started to happen more recently has been the rise of Andreessen Horowitz, Sequoia, Lightspeed, General Catalyst have just grown massively in size.

and are, at least from a size perspective and a team perspective, are really looking more like asset managers than traditional venture firms.

And I think we're not invested with GC.

I have a lot of respect for Haymont.

I mean, I think there's certain deals, like the Long Lake deal, Haymont's the CEO of that firm.

That was the type of deal, that's a CEO deal and that's an awesome deal.

But I don't know how involved he is in all the different things that are going on.

They got a lot of money to deploy.

Now, the capital needs are huge.

But I will just say, I mean, you think of the army of people, of GPs at some of these firms.

I mean, a lot of them were invested in firms.